Court Greenlights Capricorn’s Takeover of Warriedar Resources
The Supreme Court of Western Australia has approved the share and option schemes for Capricorn Metals’ acquisition of Warriedar Resources, setting the stage for a significant consolidation in the gold exploration sector.
- Supreme Court approves Warriedar share and option schemes
- Schemes effective from 14 November 2025
- Warriedar shares and options cease trading on ASX from 14 November
- New Capricorn shares issued and start trading 26 November
- Warriedar to be delisted from ASX on 26 November
Court Approval Clears Path for Acquisition
The Supreme Court of Western Australia has given the green light to the proposed acquisition of Warriedar Resources Limited by Capricorn Metals Ltd through the approval of both the share scheme and option scheme. This legal milestone is a critical step in the consolidation of two players in the gold exploration and production sector, signaling a new chapter for both companies.
Key Dates and Market Impact
The schemes will become effective on 14 November 2025, the same day Warriedar’s shares and listed options will cease trading on the Australian Securities Exchange (ASX). Following this, Capricorn Metals will issue new shares to Warriedar shareholders, with these new Capricorn shares expected to commence trading on 26 November 2025. Concurrently, Warriedar will be officially delisted from the ASX, marking the end of its independent public listing.
Capital Structure and Financial Position
Warriedar currently has approximately 1.22 billion shares on issue, with a market capitalization reflective of its recent trading price of A$0.27 per share. Capricorn Metals brings to the table a cash position of A$19 million and zero debt, positioning the combined entity with a clean balance sheet to pursue growth opportunities. The transaction is structured to provide Warriedar shareholders with a seamless transition into Capricorn’s capital structure.
Management and Next Steps
Key executives from both companies, including Capricorn’s Managing Director Amanda Buckingham and Warriedar’s Non-Executive Chairman Dianmin Chen, have welcomed the court’s decision. The companies will now focus on implementing the schemes according to the announced timetable, with shareholder communications and regulatory filings continuing through November. Investors should watch for the official suspension of Warriedar’s securities and the commencement of Capricorn’s new shares trading.
Strategic Implications
This acquisition consolidates Capricorn’s position in Western Australia’s gold sector, potentially unlocking synergies and operational efficiencies. The integration of Warriedar’s assets could enhance Capricorn’s exploration pipeline and production profile, although market participants will be keen to see how the combined entity executes on these opportunities in the coming months.
Bottom Line?
With court approval secured, Capricorn Metals is poised to reshape its footprint in gold exploration as Warriedar exits the ASX.
Questions in the middle?
- How will Capricorn Metals integrate Warriedar’s assets operationally and financially?
- What impact will the acquisition have on Capricorn’s production forecasts and exploration plans?
- Could there be further consolidation moves in the Western Australian gold sector following this deal?